DEEP CYCLICALS
Coal India, South Indian Bank among 17 deep value stock ideas from ICICI Securities
Domestic brokerage firm ICICI Securities has listed 17 stock ideas, categorizing them as deep value stocks, stating that the proportion of ‘investable value stocks within large-caps remained steady while the same has been diminishing to historical lows within mid and small-caps.
What should be your investment strategy after elections?
Market volatility post Indian election triggered short-term turbulence, yet history shows eventual alignment with economic fundamentals. Resilient corporate earnings, infrastructure development and vigilant sector monitoring are emphasized for long-term strategic investments amidst fluctuating market conditions.
Why moving from deep cyclicals to IT and consumption makes sense now
“The insurance space has actually been an underperformer for the last one, one-and-half-years and following the Budget announcement also, there has been a sort of a correction. The valuations of the top-notch companies such as HDFC Life and SBI Life, etc, have become very lucrative. I would say that it may still lag in terms of outperformance but I would say that from a longer term standpoint these companies look good.”
6 sectors to invest in if you are bullish on domestic cyclicals: Shridatta Bhandwaldar
"In India, there are opportunities across the market capitalisation curves. A lot of sectors, new themes, new segments are emerging. As we move from $1,800-2,000 per capita income to $3,000 per capita, a lot of new themes will come in. In the last five years, general insurance, chemicals, diagnostics, exchange companies have come out in the listed space. A lot of these were not listed five, six years back."
Park your cash in defensives for next 6 months; add cyclicals for next 2-3 years: Rahul Chadha
“Defensives would be the place to park your cash for the next six months and then we will get opportunities in the growth part of the market. Growth here means the cyclical recovery part of the market that would be banks, autos and industrials. Those would be the names to add for the next cycle in the next two-three years.”
Go for metals but put a cap on exposure: Sunil Singhania
"In the next two-three years, steel balance sheets are only going to get better and better and therefore any correction in this segment has to be used as an opportunity. Globally every country is looking at spending money on infrastructure. In this kind of scenario, the demand is going to be quite robust. New supplies are not forthcoming at least for the next two-three years.”
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Vijay Chandok on ending cyclicity, pushing equity cohort & acquiring customers
“If one were to look at that number for our company and look at it sequentially as well as quarter on quarter, one will see that singular line item brokerage is not really representative of the manner in which customers pay for the services that we are providing. The revenue comes from equity cohorts.”
CY22 to be year of mid & smallcaps? 3 deep value ideas from G Chokkalingam
"I am extremely bullish on the economy as the Tsunami of retail investors gives me a lot of confidence that CY2022 is going to be the year of small and midcaps."
How deep-tier financing can help India’s manufacturing sector
The auto sector is grappling with Covid induced economic downturn, supply chain crisis and Ford's decision to exit from India.
Traditional safe sectors are no longer safe. Where to invest in a volatile market?
“The growth of the Indian economy is where safety lies because there is the demographic dividend, the PLI schemes, the infrastructure push which with the coming Budget, would get a boost. I see that as a safety element, provided we have a medium term perspective,” says Sunil Subramaniam.
Go for deep value power cos instead of chasing IPOs: Rajeev Thakkar
“Some of the power names are near monopolies in their area of operations and we have also seen some of them monetise their assets by way of InvIT sales and things like that. People should be looking at that space rather than chasing some of the new IPOs where there is no underlying free cash flow and only a promise of glory down the road.”
Remain invested in banks and early cyclicals: Manish Sonthalia
“Positive numbers are going to flow in after a gap of 12 or 15 months but it is advisable to remain invested in the banking space.”
Don’t be greedy; dig deep and bet on the healing economy: Anand Shah
“More than sectors, I find the prices at which the IPOs are coming in a little worrying and that includes in the IPOs in the old economy sectors as well.”
Specialty chemicals can still outperform the overall market: Harsha Upadhyaya
“Our portfolios have a mix of defensive as well as cyclical names. But given that economic activities are normalising, we would incrementally look towards a cyclical basket. I would consider banks, industrials, cement and auto sectors in that particular bucket.”
Hunt for deep value stocks to beat market in next 2-3 years: Raamdeo Agrawal
"I don't think we can invest based on whether they (central banks) want to stop bond buying or double it up," says Raamdeo Agrawal
Digital and cyclical two big themes in the market now: Hiren Ved
"Stocks of companies which are most impacted are actually doing better than companies which are relatively less impacted."
Recovery plays that may disappoint investors
"If the investment cycle picks up, both in the public as well as the private sector, then you could be entering into a positive CV cycle."
Bandhan Bank faces deep cuts in price targets, earnings estimates due to Covid risks
Elara Capital said while Bandhan’s liability franchise and pre-provision operating profit are robust, it expects short-term challenges in Assam and West Bengal, the two markets that account for 55 per cent of MFI loans, to put pressure on the stock’s valuations.
Market pullback an opportunity to buy quality consumer stocks
If one is looking at it from a 12-18 months perspective, there is deep value in banking stocks, says Rahul Chadha, CIO, Mirae Asset Global Investments.
Print media stocks: Deep value or value traps?
With print media stocks priced to bankruptcy (stocks pricing-in all the risks), even a modest recovery in ad spending has the potential to trigger a sharp uptick in the stock prices.
JP Morgan's Sanjay Mookim on what could be the next megatrend in making
Buy management teams in India B2Cs, preferably ones that can deliver and which can benefit from a rising and upgrading consumption pie, says HoR, JP Morgan
Emkay Global's Krishna Kumar Karwa on how to invest in a volatile market
Markets have not yet discounted the future. Despite the bouts of selling, stay invested in the chosen stocks and sectors, says the MD of Emkay Global Financial Services
We are chasing money, betting on household capex: Ganeshram Jayaraman
Electronic space is a big multi-year theme. PLI impact can be felt in pharmaceuticals sector.
Try your luck in cement, steel, other cyclicals: Raamdeo Agrawal
In terms of volatility and volumes, the market will belong to the new age traders but they will not set the direction of the market.
Market leadership shifting but IT stocks to do well
Be selective in commodity space but demand is picking up and a weak dollar is helping, says Jonathan Schiessl
Not sectors, this fund manager is only going for resilient companies
The typical pecking order when we go through any kind of crisis has been that instead of sectors, we go for companies which have shown that they can consolidate and withstand pressures, says Shreyash Devalkar.
This is the right time to play global cyclicals: Mihir Vora
We are not typically value players but we believe in playing global cyclicals and this seems to be an opportune time for that.
Avoid cyclicals as capex may be pushed back a year or two: BNP AMC
'Private capex in infra is still sometime away and you need to catch cyclicals at the right point to benefit out of the stock price movement.'
Deep cyclicals are still some time away from a recovery: Chakri Lokapriya
While India is slowing down, there is a cushion of global support for Indian companies.
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